Thursday, June 16, 2011

Jim Rogers bullish on Sugar

"I would suspect that sugar certainly would be stable and maybe it may start going up because we are burning sugar in our fuel tanks and some parts of the world. As people have become more prosperous, they want more sugar. I am optimistic about the price of sugar over the next three or four years. Likewise with cotton, I am more optimistic about sugar than cotton, but I would not sell either." Jim Rogers  in ET Now


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

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